No university president feels responsible for making college cost so much, because all did it in sync. Like a firing squad.
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@paulg believe the theory is a supply demand shift due to start of Gen X. -
@stevesi How can e.g. Harvard as an institution feel the difference between a demand/supply ratio of 10 and one of 15? -
@paulg Admission rates are now 1/2 to 1/3rd what they were in 1980 at elite schools. ==> charge more to attend (though use fin aid more too) -
@stevesi@paulg state funding of public 4-year schools dropped as costs rose, See page 21-22 here: http://www.treasury.gov/connect/blog/Documents/20121212_Economics%20of%20Higher%20Ed_vFINAL.pdf … -
@gabrieljfishman@paulg Many universities claimed non-linear expenses wrt to growth. Selective school class size hasn't grown (supply!) -
@stevesi@gabrieljfishman read somewhere that 1/3 of for-profit revenue goes to marketing. For profits definitely driving much of that incr -
@hypatiadotca@stevesi@gabrieljfishman And then there's that whole sports obsession thing that I never really understood... -
@KarlTheMartian@stevesi@gabrieljfishman srsly tho the for profit school stuff is nightmarish: http://www.theatlantic.com/features/archive/2014/08/the-law-school-scam/375069/ … - 4 more replies
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@paulg@stevesi looks like something happened in the late 70s. Hmmmm .... http://www.natlbankruptcy.com/make-student-loan-debt-dischargeable-in-bankruptcyagain/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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